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Legal & Regulatory - FBI director announced an insider trading saga related to NBA sports gambling, naming six defendants [1] - Investigation links to the previous ban of Raptors player Dante Porter for life due to felony charges [3] - 34 individuals are charged with a range of offenses including extortion, money laundering, wire fraud, bank fraud, and illegal gambling [5] Key Individuals & Teams Involved - Miami Heat's Terry Rosier and former Cavaliers player/assistant coach Damon Jones are named as defendants [1] - Terry Rosier allegedly shared information about leaving a game early on March 23rd, 2023, leading to $200,000 in wagers against his statistics [2] - Chanty Bilips (Trailblazers coach) and Terry Rosier are implicated in an underground illegal poker ring [3] Gambling & Financial Aspects - Illegal betting occurred between 2022 and 2024, involving game throwing or misuse of insider information [1] - Bettors profited tens of thousands of dollars from Rosier's insider information [3] - An illegal poker ring, associated with organized crime families, allegedly used celebrity athletes to lure gamblers, resulting in one victim losing $1.8 million and the ring generating tens of millions in total [4][5] - Sports books are considered victims, not perpetrators, in this situation [6] Organized Crime Involvement - Organized crime families associated with Lacosa Nostra were involved in the illegal poker ring [4] - The mafia allegedly modified card shuffling machines, barcoded decks, and used hidden cameras to cheat gamblers [4] - Threats of violence were used against those who refused to pay gambling debts [5]

Load Growth & Grid Investment - First Energy anticipates significant load increases due to data centers and electrification, necessitating investment in the transmission grid [2] - The company plans to increase its 5-year capital expenditure (CAPEX) plan for transmission by approximately 30% [3] - A strong and growing transmission grid is crucial to support AI, data centers, and chip investments [3] Labor Force & Training - First Energy is addressing labor needs through apprenticeship programs and hiring experienced line workers [5] - The company is actively training its workforce to support infrastructure investments and economic growth [5] Investment & Demand - First Energy ensures that hyperscalers and data center developers commit to paying for infrastructure investments to serve them [7] - This commitment provides confidence in sustained load and prevents existing customers from bearing the cost of potential overbuilding [7] Electricity Prices & Regulation - Generation accounts for 85% of the year-over-year increase in customer bills in four of First Energy's five states, where it operates as a wires-only company [9] - In the state where First Energy is fully integrated, year-on-year rates for customers were flat [9] - First Energy is working with regulators, governors, and customers to mitigate the impact of increasing generation costs [10]

Shares of Quantum Stock surging today after a report that some are in talks with the Trump administration to exchange equity stakes for federal funding. Christina Parsons Neville has more in today's tech check. Christina, >> thanks Mike.Well, the Trump administration is reportedly in talks to take equity stakes. And I say reportedly because uh you you are seeing the stock reaction in INQ, Regetti, Dwave, they're all up double digits. But we do have one outlet that is denying any of this is true at the momen ...

Welcome back to Money Movers. Tesla shares under some pressure today after a mixed print for the third quarter. It record Q3 revenue overshadowed by the company's fourth straight earnings miss.Joining us now with his reaction to the quarter, HG Partners managing director, John Murphy. Hey Partners is a leading advisory firm to the auto dealer market. And uh John, it's great to have you.um you know first your assessment of the auto part of the business which of course is the biggest part of uh of the actual ...

Joining us now, Schwab Asset Management CEO and CIO, Omar Aguiar. Uh, Omar, it's great to great to have you on here. So, first, what's your diagnosis of what the markets have been going through for the last 10 days or so.You did obviously see a little bit of an air pocket in the indexes, lots of rotation under the surface. Is it macro stress. Is it repositioning or something else.Well, this is uh very interesting, you know, times where, you know, the major index headlines probably don't tell the full story. ...

Joining us now first on CNBC Lazar chairman and CEO Peter Orzag. Peter was also the former director of the office of management and budget during the Obama administration. Peter, it's good to see you.Thank you for joining us. Uh we don't normally do this. >> Uh but perhaps you start on the restructuring side of your business because you have such a unique insight into what's going on there.Um what are you seeing in terms of the pipeline there. uh what is the dialogue with clients and customers in light of s ...

We're here in Irving, Texas at the opening of Wells Fargo's brand new office here, an 850,000 square foot building that houses more than 4,500 employees. It's the latest in a string of Wall Street firms building bigger and bigger footprints in the Lonear State, earning it the nickname Y Street. I asked Wells Fargo chairman and CEO Charlie Sharf why he's making such a big bet in Texas after the firm invested about half a billion dollars on this new facility.We want to go to places that are businessfriendly, ...

Welcome back. CNBC debuting a new housing market survey, getting insights beyond the headline national numbers. For that, we turn to Diana Olig.Diana, good morning. >> Good morning, Mike. Yeah, this is something of a sidewalk survey.Each quarter, we'll ask real estate agents from across the country and a cross-section of neighborhoods just what they're seeing on the ground. Now, here are some of the highlights from Q3 when the average rate on the 30-year fixed mortgage was mostly on the decline, but you see ...

Our next guest has been a longtime investor in the space and joins us now with some top picks. Harris Oakmark partner and co-CIO of international equities Tony Coney. Tony, um, first of all, I just want to ask you kind of the role that international plays right now in terms of diversification.I know going into the year there was the whole argument about US exceptionalism and how to kind of get it more diversification abroad, especially given the increasing concentration in US equities. Nothing's really chan ...